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The unexpected move by the company, a maker of communications equipment, sent shudders across Wall Street.
Agere, a maker of communications components, is a spinoff from Lucent Technologies.
By 2013 the amount of traffic flowing over the internet annually will reach 667 exabytes, according to Cisco, a maker of communications gear.
CommScope, a maker of communications network cable, dropped a $1.5 billion bid to buy the Andrew Corporation, which had rejected the purchase.
She replaced Donald K. Peterson, who became chief executive of Avaya, a maker of communications systems for businesses that Lucent spun off as a separate company last year.
Mark S. Jakob made a big bet in mid-August that shares in Emulex, a maker of communications equipment, would decline, federal prosecutors say.
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Broadcom, a maker of communications-related microchips, said Tuesday it swung to a quarterly profit from a year-earlier loss on rebounding sales of high-speed Internet and wireless networking equipment.
L-3 COMMUNICATIONS HOLDINGS, New York, a maker of military communications systems and flight-data recorders, said that a joint venture with Telos, Ashburn, Va., a provider of information technology products, had won a 10-year contract valued at up to $1.4 billion to provide software and engineering for an Army communications system.
Earlier this year it announced the Qualcomm Tricorder X Prize, financed by the Qualcomm Foundation, the charitable arm of Qualcomm, a maker of wireless communications technologies.
On March 3rd the company made another strategic leap, launching a hostile takeover bid for TRW, a maker of satellites, communications equipment and powerful lasers based in Cleveland, Ohio.
The investigation centers on whether payments were made by consultants for Titan, a maker of military communications equipment, in violation of the Foreign Corrupt Practices Act, Lockheed said.
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